Posts belonging to Category Promissory Notes
Posted by Page PerryonAugust 26, 2011
The association of state securities regulators known as NASAA has released its top 10 investment traps. NASAA finds that scam artists are peddling various get-rich-quick schemes to take advantage of the economic uncertainty. According to NASAA, investments that investors should be particularly wary of include distressed real estate schemes, energy investments, gold and precious metal […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, Life Policies/Viatical Settlements, Nontraded REITs, Peer to Peer Loans, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Tenant-in-Common Interests
Posted by Page PerryonJuly 27, 2011
The Financial Industry Regulatory Authority (FINRA) has issued an investor alert warning against chasing yield with structured products, junk bonds and floating-rate bank-loan funds. The alert was prompted by “significant recent inflows” into high-yield products. Investors may find enhanced yields attractive in the current market environment of low yields on conventional fixed-income investments and higher […]
Categories: Alternative Investments, Ameriprise, Bonds, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, Lehman Brothers, Merrill Lynch, Morgan Stanley, Options, Promissory Notes, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, UBS
Posted by Page PerryonJune 16, 2011
The drum beat goes on for broker-dealer closings, as MCL Financial Group Inc. of Santa Ana, California, another small broker-dealer that sold a lot of illiquid alternative investments, has gone the way of QA3 Financial Corp., Jesup & Lamont Securities Corp., GunnAllen Financial Inc., Securities Network LLC, Omni Brokerage Inc., and WFP Securities, according to […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Investigations, Investment Advisers, Investor Alerts, Nontraded REITs, Private Investments/Reg D, Promissory Notes, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests
Posted by Page PerryonJune 9, 2011
The dust recently settled on another Ponzi scheme. This time the damage was done in Florida, and involved a man who lied to investors about his so-called grocery business. Neil Shapiro was sentenced to twenty years in prison after pleading guilty to securities fraud and money laundering; he was also ordered to pay $82 million […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonJune 7, 2011
The list of independent broker-dealers that sold private offerings and are now out of business, is impressive. The private offerings include Provident Royalties LLC, Medical Holdings Inc., and DBSI Inc. So far, the list of B-Ds that have closed since 2010 includes, but is not limited to, QA3 Financial Corp., Jesup & Lamont Securities Corp., […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Investment Advisers, Investor Alerts, Nontraded REITs, Private Investments/Reg D, Promissory Notes, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests
Posted by Page PerryonJune 6, 2011
Richard Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority (FINRA) admonished broker-dealers that sell risky private placements under the Regulation D exemption to conduct more vigorous due diligence, following up on red flags and “pushing and pulling” for information about the products, according to Bruce Kelly’s InvestmentNews article entitled “Finra’s Ketchum: B-Ds […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Investigations, Investment Advisers, Investor Alerts, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests
Posted by Page PerryonJune 1, 2011
Fraudulent acts make headlines nearly every day. But when fraud occurs amongst friends and family, the violation really “hits home” ? perhaps even in the most literal sense. Unfortunately, it is surprising how callous or devious some people can be, even the people trusted the most.
Categories: Affinity Fraud, Bonds, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investment Advisers, Investor Alerts, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests
Posted by Page PerryonApril 26, 2011
Securities regulators all agree that exploitation of retirees is a significant and growing problem. According to the U.S. Securities and Exchange Commission, 40 million Americans are age 65 or older, and that number will be 89 million in 2050. Seniors make up 15% of the U.S. population but 30% of fraud victims.
Categories: Asset Backed Securities, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Exchange-Traded Funds (ETFs), Investigations, Investment Advisers, Investor Alerts, Life Policies/Viatical Settlements, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Tenant-in-Common Interests, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonApril 26, 2011
Securities America is on the shopping block, according to an InvestmentNews article by Bruce Kelly entitled “Ameriprise shopping Securities America.” The firm was sued along with Ameriprise Financial by a class of people who purchased hundreds of millions of fraudulent securities issued by Medical Capital and Provident Royalties. Ameriprise Financial is the corporate parent of […]
Categories: Ameriprise, Brokerage Firms, Common Securities Broker Abuses, Private Investments/Reg D, Promissory Notes, Securities, Securities America, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonApril 22, 2011
The Securities and Exchange Commission has filed a civil action against Nicholas D. Skaltsounis, AIC, Inc., Community Bankers Securities, LLC (“CB Securities”), John B. Guyette, and John R. Graves, all of Virgina (the “Defendants”), for the fraudulent sale of more than $7.7 million in AIC promissory notes and stock.
Categories: Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investment Advisers, Investor Alerts, Ponzi Schemes, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
